NEW YORK (
) -- The ex-dividend date for
) is tomorrow, February 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $47.07 as of 9:30 a.m. ET, the dividend yield is 1.9%.
The average volume for Crane has been 301,700 shares per day over the past 30 days. Crane has a market cap of $2.9 billion and is part of the
industry. Shares are up 14.8% year to date as of the close of trading on Tuesday.
Crane Co. manufactures engineered industrial products in the United States and internationally. The company has a P/E ratio of 12, below the average industrial industry P/E ratio of 18.8 and below the S&P 500 P/E ratio of 23.2.
TheStreet Ratings rates Crane as buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full